Near Foundation's CEO Marieke Flament Steps Down, Replaced by Chris Donovan
Summary:
Marieke Flament has stepped down as CEO of Near Foundation, the developer of the community layer-one protocol NEAR. General Counsel Chris Donovan will succeed her. Flament reflected positively on her two years at Near Foundation, which saw daily active users of Near Protocol rise from 50,000 to 3 million. During her tenure, the company formed numerous significant partnerships and the treasury balance currently stands at 330 million NEAR, approximately $350 million. With tokens valued at around $1.04 billion, Near is currently the 40th largest cryptocurrency by market cap.
The CEO of Near Foundation, Marieke Flament, who presided over the development of the popular community layer-one protocol, NEAR, has stepped down from her position. The news, revealed on September 21, stated that the current general counsel of Near Foundation, Chris Donovan, would take over the reins as the forthcoming CEO in the wake of Flament's resignation. The reasons behind Flament's decision were not disclosed.
Reflecting on her work over the past two years with Near Foundation, Flament said that before joining, she had no knowledge of NEAR. However, some study and several discussions persuaded her of the incredible potential of NEAR -its impressive tech, the active and diverse community and endless open opportunities were prime reasons to join the team.
From 2021 until 2023, Flament observes that the daily active user count of Near Protocol expanded remarkably, with a leap from 50,000 to 3 million. Its presence on social media also amplified, with Twitter followers increasing from 200,000 to over 2 million, along with over 2,000 pieces of press coverage. The period saw many partnerships being formed with organizations like SWEAT, Playember, Circle, Ledger, Alibaba, Amazon, Google, KPMG, Cosmose AI, SailGP, The Littles, PipeFlare, Shemaroo, Kakao Games, Inven / Vortex, and Korean groups Netmarble / Marblex.
Flament also revealed that the current treasury balance of Near Foundation is a sizable 330 million NEAR, valued at an estimated $350 million. Looking back at her leadership tenure, Flament asserted that her strategy centered on driving mainstream adoption, empowering grassroots communities, and steadfastly progressing towards decentralization. Fostering relationships with large web2 players while supporting web3 innovators was crucial to our growth, added Flament.
Currently, Near sits in the 40th position among the largest cryptocurrencies by market cap, with its tokens valued at roughly $1.04 billion. In June, Škoda Auto, the esteemed Czech automobile giant premiered a platform for nonfungible tokens on the Near Protocol.
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Published At
9/21/2023 2:57:59 PM
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